Jai Corp Limited (JAICORPLTD.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+560.1%

₹583.26

vs ₹88.36 price

Levered DCF

₹465.79

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

—

Rating

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	9.21×	24.89×	101×	-182.3×	37.05×	16.31×	26.86×	-19.26×
P/B	1.04×	1.18×	3.57×	1.73×	1.34×	1.08×	0.69×	1.65×
P/S	3.03×	3.2×	11.01×	4.16×	2.71×	3.2×	1.62×	3.28×
EV / EBITDA	7.54×	17.46×	61.51×	92.78×	26.93×	10.08×	10.08×	-46.3×
Gross margin	21.7%	20.4%	33.1%	27.9%	20.2%	26.6%	25.6%	26.7%
Operating margin	8.3%	8.0%	24.8%	6.8%	19.5%	7.6%	12.6%	13.5%
Net margin	32.9%	12.9%	10.9%	-2.3%	7.3%	19.6%	6.0%	-17.0%
Current ratio	25.89×	20.52×	20.56×	16.75×	13.8×	4.28×	18.37×	1.33×
Debt / equity	0×	0×	0×	0×	0×	0.07×	0×	0.28×
Interest coverage	224.89×	196.9×	503.35×	117.92×	916.57×	2.29×	2.86×	2.54×
Dividend yield	6.2%	0.5%	0.2%	0.4%	0.1%	0.2%	0.3%	0.1%
Payout ratio	57.0%	13.4%	17.0%	-65.6%	4.6%	2.6%	8.7%	-2.7%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	11.3%	4.7%	3.5%	-0.9%	3.6%	6.6%	2.6%	-8.5%
Return on invested capital	2.5%	2.3%	5.7%	-7.7%	7.5%	1.7%	3.7%	5.1%
Return on assets	10.9%	4.5%	3.4%	-0.9%	3.4%	5.9%	2.1%	-6.3%
Free cash flow yield	7.0%	2.7%	0.7%	2.7%	4.5%	-0.9%	6.2%	3.2%
Earnings yield	10.9%	4.0%	1.0%	-0.6%	2.7%	6.1%	3.7%	-5.2%
Enterprise value	₹15.5B	₹16.5B	₹53B	₹24.7B	₹19.4B	₹15.9B	₹9B	₹24.3B
Net debt / EBITDA	-0.06×	-0.1×	-0.04×	-0.07×	-0.11×	0.51×	-0.05×	-6.57×
Cash conversion cycle (days)	253	260	291	228	185	345	251	236